INR | Indian Rupee | Convert | 1 USD = 83.3123 INR |
MYR | Malaysian Ringgit | Convert | 1 USD = 4.725 MYR |
SGD | Singapore Dollar | Convert | 1 USD = 1.3478 SGD |
JPY | Japanese Yen | Convert | 1 USD = 151.23 JPY |
BDT | Bangladeshi Taka | Convert | 1 USD = 113.389418 BDT |
CNY | Chinese Yuan | Convert | 1 USD = 7.22024306 CNY |
HKD | Hong Kong Dollar | Convert | 1 USD = 7.82385249 HKD |
IDR | Indonesian Rupiah | Convert | 1 USD = 15854.8316 IDR |
KHR | Cambodian Riel | Convert | 1 USD = 4046.39593 KHR |
KRW | South Korean Won | Convert | 1 USD = 1347.40497 KRW |
LAK | Lao Kip | Convert | 1 USD = 21088.3597 LAK |
LKR | Sri Lankan Rupee | Convert | 1 USD = 301.080223 LKR |
MVR | Maldivian Rufiyaa | Convert | 1 USD = 15.4604344 MVR |
NPR | Nepalese Rupee | Convert | 1 USD = 133.372373 NPR |
PHP | Philippine Peso | Convert | 1 USD = 56.1774647 PHP |
PKR | Pakistani Rupee | Convert | 1 USD = 286.810968 PKR |
THB | Thai Baht | Convert | 1 USD = 36.3634796 THB |
TWD | Taiwanese Dollar | Convert | 1 USD = 31.9950113 TWD |
VND | Vietnamese Dong | Convert | 1 USD = 24837.0002 VND |
EUR | Euro | Convert | 1 USD = 0.9262 EUR |
GBP | British Pound Sterling | Convert | 1 USD = 0.791296 GBP |
CHF | Swiss Franc | Convert | 1 USD = 0.9015 CHF |
BAM | Bosnia and Herzegovina convertible mark | Convert | 1 USD = 1.81102326 BAM |
BGN | Bulgarian Lev | Convert | 1 USD = 1.81363819 BGN |
CZK | Czech Koruna | Convert | 1 USD = 23.4558584 CZK |
DKK | Danish Krone | Convert | 1 USD = 6.91699434 DKK |
HRK | Croatian Kuna | Convert | 1 USD = 7.02062 HRK |
HUF | Hungarian Forint | Convert | 1 USD = 365.139727 HUF |
ISK | Icelandic Krona | Convert | 1 USD = 139.388432 ISK |
MDL | Moldovan Leu | Convert | 1 USD = 17.6408882 MDL |
MKD | Macedonian Denar | Convert | 1 USD = 56.8305933 MKD |
NOK | Norwegian Krone | Convert | 1 USD = 10.8616749 NOK |
PLN | Polish Zloty | Convert | 1 USD = 3.98729307 PLN |
RON | Romanian Leu | Convert | 1 USD = 4.60811721 RON |
RSD | Serbian Dinar | Convert | 1 USD = 108.674528 RSD |
RUB | Russian Rouble | Convert | 1 USD = 92.5261044 RUB |
SEK | Swedish Krona | Convert | 1 USD = 10.7067530 SEK |
TRY | Turkish Lira | Convert | 1 USD = 32.2445327 TRY |
UAH | Ukraine Hryvnia | Convert | 1 USD = 38.9861634 UAH |
AED | United Arab Emirates Dirham | Convert | 1 USD = 3.67235 AED |
SAR | Saudi Riyal | Convert | 1 USD = 3.7505 SAR |
OMR | Omani Rial | Convert | 1 USD = 0.384985 OMR |
BHD | Bahraini Dinar | Convert | 1 USD = 0.377 BHD |
KWD | Kuwaiti Dinar | Convert | 1 USD = 0.307685 KWD |
QAR | Qatari Riyal | Convert | 1 USD = 3.6465 QAR |
ILS | Israeli Sheqel | Convert | 1 USD = 3.67850225 ILS |
IRR | Iranian Rial | Convert | 1 USD = 43294.0734 IRR |
JOD | Jordanian Dinar | Convert | 1 USD = 0.70894803 JOD |
LBP | Lebanese Pound | Convert | 1 USD = 92025.0000 LBP |
SYP | Syrian Pound | Convert | 1 USD = 13025.1633 SYP |
CAD | Canadian Dollar | Convert | 1 USD = 1.35435 CAD |
BMD | Bermudian Dollar | Convert | 1 USD = 1 BMD |
AWG | Aruban Florin | Convert | 1 USD = 1.81028296 AWG |
BBD | Barbadian Dollar | Convert | 1 USD = 2.01940517 BBD |
BSD | Bahamian Dollar | Convert | 1 USD = 1 BSD |
DOP | Dominican Peso | Convert | 1 USD = 60.2302232 DOP |
GTQ | Guatemalan Quetzal | Convert | 1 USD = 7.79827822 GTQ |
JMD | Jamaican Dollar | Convert | 1 USD = 153.888030 JMD |
MXN | Mexican Peso | Convert | 1 USD = 16.5732912 MXN |
PAB | Panamanian Balboa | Convert | 1 USD = 1 PAB |
XCD | East Caribbean Dollar | Convert | 1 USD = 2.71080731 XCD |
AUD | Australian Dollar | Convert | 1 USD = 1.5321 AUD |
FJD | Fijian Dollar | Convert | 1 USD = 2.25575867 FJD |
NZD | New Zealand Dollar | Convert | 1 USD = 1.67380261 NZD |
XPF | CFP Franc | Convert | 1 USD = 110.248395 XPF |
ARS | Argentine Peso | Convert | 1 USD = 857.499999 ARS |
BOB | Bolivian Boliviano | Convert | 1 USD = 6.85999999 BOB |
BRL | Brazilian Real | Convert | 1 USD = 5.01511698 BRL |
CLP | Chilean Peso | Convert | 1 USD = 979.759272 CLP |
COP | Colombian Peso | Convert | 1 USD = 3853.93258 COP |
PEN | Peruvian Sol | Convert | 1 USD = 3.71947455 PEN |
PYG | Paraguayan Guaraní | Convert | 1 USD = 7376.34408 PYG |
TTD | Trinidad and Tobago Dollar | Convert | 1 USD = 6.80153583 TTD |
UYU | Uruguayan Peso | Convert | 1 USD = 37.5191424 UYU |
VES | Venezuelan Bolívar | Convert | 1 USD = 36.2502642 VES |
ZAR | South African Rand | Convert | 1 USD = 18.8841 ZAR |
BWP | Botswana Pula | Convert | 1 USD = 13.7295900 BWP |
EGP | Egyptian Pound | Convert | 1 USD = 47.4053497 EGP |
GHS | Ghana Cedi | Convert | 1 USD = 13.2020536 GHS |
GMD | Gambian Dalasi | Convert | 1 USD = 67.8994889 GMD |
KES | Kenyan Shilling | Convert | 1 USD = 131.523891 KES |
MAD | Moroccan Dirham | Convert | 1 USD = 10.3994166 MAD |
MGA | Malagasy Ariary | Convert | 1 USD = 4370.28508 MGA |
MUR | Mauritian Rupee | Convert | 1 USD = 46.2915214 MUR |
NAD | Namibian Dollar | Convert | 1 USD = 18.9524488 NAD |
NGN | Nigerian Naira | Convert | 1 USD = 1346.37373 NGN |
SCR | Seychellois Rupee | Convert | 1 USD = 13.5062690 SCR |
TND | Tunisian Dinar | Convert | 1 USD = 3.20769904 TND |
UGX | Ugandan Shilling | Convert | 1 USD = 3892.28515 UGX |
XAF | Central African Franc | Convert | 1 USD = 606.749606 XAF |
XOF | West African Franc | Convert | 1 USD = 606.749606 XOF |
The United States of America uses the U.S. dollar as its currency. It is abbreviated as US$ or USD. It is also known as the American dollar. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar and divided it into 100 cents. The U.S. banknotes are issued in the form of Federal Reserve Notes. It is also known as greenbacks due to its green colour.
The central bank of the U.S. is known as Federal Reserve.
The U.S. dollar emerged as an important international reserve currency in the 1920s. It replaced the British pound sterling as it emerged from the First World War relatively unaffected and hence America was a significant recipient of wartime gold inflows. To date, the U.S. dollar continues to be the world’s foremost reserve currency for international trade.
The U.S. currency has become the global currency. In the international markets, both the U.S. dollar and Euro are popular and are accepted in most nations. The U.S. dollar’s share of foreign currencies in the global banks is over 64 per cent. In the case of the Euro, it is about 20 per cent. Generally, the U.S. Dollar reflects the strength of the United States of America.
About 85 per cent of the international trade including oil happens in terms of the U.S. dollar. Around 40 per cent of loans across the globe are sanctioned in dollars. India imports heavily from America than what it exports there. The dollars we receive from America are less than what we end up paying them for procuring their goods. India will need to buy more dollars from banks that represent a small unit in the extensive foreign exchange market.
A fall in the U.S. dollar value corresponds to the price of inflation, which is a rise in the general level of the prices of goods and services in an economy over a period of time.
A Consumer Price Index (CPI) is a measure which estimates the average price of consumer goods and services purchased by households. The U.S. CPI will be published by the Bureau of Labor Statistics. The CPI reflects inflation as experienced by consumers in their day-to-day living expenses.
If an individual is a frequent flyer, then you will be aware that exchanging the Indian rupee for a dollar can be costly at the airport. One may end up an extra 12% in the form of margins for getting currency conversion at airports. The best alternative is to choose BookMyForex to convert rupees to dollar as one has to pay 0.8% - 1.5% on forex conversion.
Disclaimer: The currency rates are sourced from reliable sources. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell or act based on the rates given. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on currency rates provided.